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DCF Valuation
Base-case fair value
$239.94
Intrinsic $319.91 · 25% MOS
Current price: $162.32
Base-case summary
Our base-case DCF for Illumina, Inc. (ILMN) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 23.6% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $974M in trailing free cash flow, this produces an intrinsic value of $319.91 per share. A 25% safety margin gives a fair value of $239.94, suggesting the stock is currently 48% undervalued against the $162.32 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$974M
Cash & equivalents
$1.2B
Total debt
$1.1B
Shares outstanding
154M